The bill
To amend the Internal Revenue Code of 1986 to provide for in-service rollovers for individual retirement annuity purchases.
HR. 6324, 119th Congress — read as touching Insurance (P&C and Life).
To amend the Internal Revenue Code of 1986 to provide for in-service rollovers for individual retirement annuity purchases.
Bill ID: 119/hr/6324
Last Updated: November 28, 2025
Sponsored by
Rep. Panetta, Jimmy [D-CA-19]
ID: P000613
Follow the money
The sponsor
Rep. Panetta, Jimmy [D-CA-19]
Every bill has someone who introduced it. That name is where the paper trail starts.
The money
$89,200 raised
28 itemised contributions to this sponsor, pulled from FEC filings.
Bill's Journey to Becoming a Law
Track this bill's progress through the legislative process
Latest Action
Invalid Date
Introduced
📍 Current Status
Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.
🏛️
Committee Review
🗳️
Floor Action
✅
Passed Senate
🏛️
House Review
🎉
Passed Congress
🖊️
Presidential Action
⚖️
Became Law
📚 How does a bill become a law?
1. Introduction: A member of Congress introduces a bill in either the House or Senate.
2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.
3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.
4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.
5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.
6. Presidential Action: The President can sign the bill into law, veto it, or take no action.
7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!
Bill Summary
No summary available
💰 Campaign Finance Network
Rep. Panetta, Jimmy [D-CA-19]
Congress 119 • 2024 Election Cycle
Total Contributions
$89,200
25 donors
PACs
$1,500
Organizations
$17,400
Committees
$0
Individuals
$70,300
1
ACROSS THE AISLE PAC
$1,500
1
FEDERATED INDIANS OF GRATON RANCHERIA
$6,600
2
MORONGO BAND OF MISSION INDIANS
$5,000
3
EASTERN BAND OF CHEROKEE INDIANS
$3,300
4
SYCUAN BAND OF THE KUMEYAAY NATION
$2,500
No committee contributions found
1
CROWN, LESTER
$6,600
2
KIM, SOON
$4,300
3
BASH, JEREMY
$3,300
4
BRANDENBURG, DIANE
$3,300
5
CHEW, CRAIG K
$3,300
6
DIXON, PETER
$3,300
7
HUGGINS, WILLIAM B.
$3,300
8
HUNTER, KENNETH
$3,300
9
LOCKHEIMER, ERICA
$3,300
10
MUSCARELLA, STEVE F
$3,300
11
NIELSEN, PETER W
$3,300
12
PACKARD, JULIE
$3,300
13
RAVA, JERRY J II
$3,300
14
SIEGEL, DAVID
$3,300
15
VECCHIARELLI, DANIEL
$3,300
16
SHAH, JAN
$3,300
17
RIVAS, RICK
$3,300
18
STORKAN, JOANNE M.
$3,300
19
WALTERS, ROBERT
$3,300
20
FISHER, ROBERT J
$3,300
Donor Network - Rep. Panetta, Jimmy [D-CA-19]
PACs
Organizations
Individuals
Politicians
Hub layout: Politicians in center, donors arranged by type in rings around them.
Loading...
Showing 61 nodes and 28 connections (62 secondary connections hidden)
Total contributions: $89,200
Top Donors - Rep. Panetta, Jimmy [D-CA-19]
Showing top 25 donors by contribution amount
1 PAC4 Orgs20 Individuals
Industry Impact
Which industries are materially affected by specific provisions in this bill. 2 helped.
- +Insurance (P&C and Life)confidence 0.85
Section 2(a) permits rollovers to individual retirement annuities (as defined in section 408(b)), directly benefiting insurance companies that issue such annuity contracts.
- +For-Profit Education & Student Loansconfidence 0.80
Section 2(a) allows in-service rollovers to individual retirement annuities, which may increase demand for annuity products offered by for-profit education-related financial services (e.g., annuity providers linked to student loan servicers or retirement products marketed to educators).
Who funds the sponsor on these industries
For each industry this bill affects, here's what the sponsor (Rep. Panetta, Jimmy [D-CA-19])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent — they are a record of who funds the people writing the law.
Industries this bill HELPS
- Insurance (P&C and Life)$1,000from 2 contributions
- DONOHO, JEFFREY R$500
- BELLECI, BARNEY$500